Corporation Franchise Tax

The attached corporate franchise tax table was created as a
supplement to the CF1-5 tax data series for tax year 2003. It
provides detail on the tax credits claimed by general
(non-financial institution) corporate franchise taxpayers.

Both refundable and nonrefundable credits are shown in the
table. The job creation tax credit is the only refundable
credit in tax year 2003; there were 255 corporate franchise
taxpayers claiming this credit, amounting to $34.3 million.

The nonrefundable tax credits shown include the manufacturing
investment credit, the Ohio coal credit for electric
companies, the export sales credit and other miscellaneous
credits (see the table for a complete list). There were 3,086
nonrefundable credits claimed amounting to $137.7 million.

The data shown on these tables were compiled from returns
filed for tax year 2003 with the Ohio Department of Taxation.